Portable Generator Market is anticipated to reach at revenue of USD 4.3 billion by 2024 | TechSci Research

Growing commercial and residential sectors, increasing construction activities and rising number of manufacturing units worldwide to propel growth in global portable generator market through 2024

According to TechSci Research report “Global Portable Generator Market By Fuel Type, By End User, By Power Rating, By Application, By Region, Competition Forecast & Opportunities, 2024’’, the global portable generator market is projected to reach $ 4.3 billion by 2024 on account of increasing power demand backed by growing construction and residential sectors coupled with rising number of technological advancements to make engines and alternators more efficient. Moreover, stringent pollution norms and implementation of affordable housing projects in various countries is further pushing demand for portable generators. Honda Motor Co., Ltd. and Yamaha Motor Co., Ltd. are the top two leading players operating in the global portable generator market, owing to their wide product range, strong distribution channel and comparatively better product quality.

Browse 260 market data Figures and Tables spread through 228 Pages and an in-depth TOC on “Global Portable Generators Market”

https://www.techsciresearch.com/report/global-portable-generator-market/3720.html

Portable generators of 5-10 kVA range dominate global portable generator market as these types of generators are majorly used in commercial sector. Among end users, commercial sector accounted for the largest value share in the global portable generator market in 2018 and is likely to maintain its dominance throughout the forecast period as well, owing to growing commercial sector across the globe. A large demand for portable generators emanates from North America and APAC on account of high electricity demand and poor grid infrastructure, respectively. On the basis of fuel type, the global portable generator market is segmented into diesel, gasoline and natural gas & LPG. Of all of these, diesel based portable generators dominate the market as they are comparatively cheaper than other fuel based portable generators.

“Limited power supply and grid infrastructure in various countries is resulting in increasing need for standby power supply systems which include portable generators. Rising inclination towards generators running on natural fuels is expected to boost sales of portable generators in the coming years. Moreover, government initiatives for setting up manufacturing facilities and allowance of foreign direct investment in various countries is further having a positive influence on the global portable generators market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Portable Generator Market By Fuel Type, By End User, By Power Rating, By Application, By Region, Competition Forecast & Opportunities, 2024” has evaluated the future growth potential of global portable generator market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global portable generator market.

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